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Msg  501041 of 550891  at  5/31/2023 8:21:16 AM  by

Greekabago


China data....

 hammering oil again this morning. Bears have little resistance here and a global slowdown is in play. Selling in May was a good play again this year. Tech has been the play this month and when profit taking takes place like today it's not going into commodity plays with news like a China slowdown. When the price of oil drops it falls off a cliff and any upswings have rarely been sustained and I am talking long term. 67 this morning in mid 2023, think about it, is there anything that has faired worse than oil no matter how far you look back. There has been short term periods where one can do very well but the majority of the time it's where money goes to die. 


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